Investors Shrug Off Worries
And Push Blue Chips Higher

By

Thomas Granahan Dow Jones Newswires

Updated Sept. 25, 1998 8:00 p.m. ET

NEW YORK -- Shrugging off concerns about what could have been -- and still may be -- a precursor to a global financial meltdown, investors jumped back into blue chips Friday after sending stocks noticeably lower at the opening bell.

Stocks were battered early in the session on growing fears that the $3.5 billion injection into hedge fund Long-Term Capital Management L.P. may mark the beginning of similar scenarios for other large...